-
Country’s largest mining and industrial employer JPMC and Ideal Advanced Manufacturing Company have signed an agreement
-
JPMC recently set a new record for exports totaling 554,762 tons in June, the highest since the opening of the new export port
Dubai: A phosphate washing plant with a production capacity of about 1.9 million tons will be established in Jordan, local media reported.
Costing an estimated $85 million, the plant is expected to be completed in 23 months. The plant is expected to provide 200 direct and 2,000 indirect employment opportunities.
An agreement to establish the plat was signed between Jordan Phosphate Mines Company (JPMC) and Ideal Advanced Manufacturing Company in presence of Prime Minister and Minister of Defence Bisher Al Khasawneh on Monday.
JPMC Chairman Muhammad Thneibat highlighted the importance of the project to strengthen the company’s global competitiveness by increasing production capacity from 10 million tons to 12 million tons a year.
Thneibat highlighted the JPMC’s plans to address the company’s challenges and mentioned that in 2017 the company developed a plan focused on anti-monopoly practices. He also pointed out that the door is open for qualified Jordanian companies in the mining sector to compete for exploration works.
Jordan is one of the largest phosphate rock producers in the world. JPMC is the largest mining and industrial employer in Jordan. It set a new record for exports, totaling 554,762 tons in June, the highest since the opening of the new phosphate export port.
The JPMC-owned Jordan-India company managed to produce 27,107 tons of P2O5 in June, the highest monthly production since the company became operational in 1997, local media reports said.